9

Does anyone know what the hell this guy is doing and what the hell he's talking about? The dealer wants to sell a car. That's his job, and he doesn't really care who he sells it to. He ran your details past the loan company and they said "no". He ran your grandpa's details past the credit company and they said "yes". So the dealer has ...


5

And if I am even on the car at all if we both signed paper work? You probably are. Check the registration and check with the company that financed the car. Ask if you are considered a co-borrower. Is it possible for after a year for every thing to be in my name like this guy says Probably and maybe even sooner. If I was you, I would go to your bank, or ...


5

If you are looking to save money on car ownership, leasing is the most ineffective way to go about it. I would imagine one price leasing is even more inefficient than the typical monthly scheme. The specific question you are asking would be highly dependent on the leasing contract, so it is impossible to answer. In order to make it equitable for the buyer,...


4

You should refer to your contract. But usually it won't. Every over-payment will be counted toward the next payment. So of you pay the first month 450, the second will be billed as 350 and so on. So on paper, if you pay 450 every month, at the end you will have 2400 of over-payment. Which then leaser can book (usually after your written request) that ...


3

I'm 18 years old, I've been growing up in a place where there is animosity towards success, trust nobody and help from nobody is the point. Toxic beliefs about money are common, so what you are experiencing is not out of the ordinary. build credit... The goal of building credit is a toxic belief about money in my opinion. Credit does not represent ...


3

Check with your local bank/credit union to see what type of loans they offer, and their rates. Don't just check the website, make an appointment to have them evaluate your actual finances and credit history. At your age, income, employment history, and credit history you may find it hard to get a loan to pay for decent car unless somebody will co-sign. Does ...


3

Actually I've heard the opposite, that auto inventories are low, since less cars are being manufactured due to factory quarantines. Fewer new cars means fewer trade-ins, so it should affect the used car market similarly, which may be why you're being offered a premium for your lease (and why you can't find good deals). But, to answer the question regardless ...


2

The only way to know is to track car prices for models you are interested in. If something like COVID happens that disrupts the market, it might create opportunities [rental companies are rumoured to be offloading parts of their vehicle fleets, from what I've heard], and it might create problems [perhaps production is down, limiting new year models, which ...


2

I'm very sorry about your situation. I'm very happy however that you appear to be a bright individual who doesn't take everything you hear at face value and you like to put research into your future steps, kudos to you! There are various resources out there that can help you in overcoming your obstacles and I'll point you to some of them, but I'd like to ...


1

Coverage from 'if the car gets totaled early due to an accident or gets stolen' should be handled by your insurance. Seems to me that you need to make sure that your insurance policy properly accounts for the all-upfront-lease and some equivalent of gap coverage (which comes from when you enter a payment plan to purchase a car, but due to rapid depreciation ...


1

It sounds like you already know the answer to your question: doing what you're suggesting will get you the DTI you need to be approved for that particular mortgage. However, at the risk of offering advice you didn't ask for, I think there are a few caveats to this: In response to your comment above, a finance guy at a dealership is pretty much always going ...


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